EIB €20m venture loan to Spire Global
Capital expenditure and R&D for the small-satellite constellation and data products
Key terms
- Borrower or issuer
- Spire Global
- Date
- 3 Dec 2020
- Type
- Government finance
- Amount
- €20m (US$23m)
Recorded terms
- Structure
- Venture debt facility with warrants, backed by the European Fund for Strategic Investments; made to Spire's Luxembourg business
- Lenders and arrangers
- European Investment Bank
- Country
- Luxembourg
Parties
- Spire Global borrower or issuer
- Public lenders and funders: European Investment Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Nov 2020 | UK Government and Bharti Global acquisition of OneWeb out of Chapter 11 | Government finance | US$1bn |
| 31 Jul 2020 | EIB €15m venture loan to D-Orbit | Government finance | €15m |
| 26 Aug 2021 | EIB €10m venture loan to EnduroSat | Government finance | €10m |
| 30 Nov 2022 | EIB €18m venture loan to GomSpace | Government finance | €18m |
| 16 Dec 2022 | EIB €300m loan to SES | Government finance | €300m |
More from Spire Global
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Jun 2022 | Spire Global US$120m term loan (Blue Torch) | Bank facility | US$120m |
| 15 Apr 2021 | Spire Global US$70m term loan (FP Credit Partners) | Bank facility | US$70m |
M&A and investment involving Spire Global
| Date | Deal | Type | Value |
|---|---|---|---|
| 25 Apr 2025 | Spire Global sale of its maritime business to Kpler | M&A | US$233.5m |
| 30 Nov 2021 | Spire Global acquisition of exactEarth | M&A | Not disclosed |
| 16 Aug 2021 | Spire Global SPAC merger with NavSight | SPAC merger | US$265m |
Sources
About this record
Record ORB-2020-0007, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.
